IFM Investors Pty Ltd Increases Stock Holdings in Comcast Corporation $CMCSA

IFM Investors Pty Ltd grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 775,465 shares of the cable giant’s stock after buying an additional 6,577 shares during the period. IFM Investors Pty Ltd’s holdings in Comcast were worth $28,615,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares in the last quarter. Hudson Bay Capital Management LP lifted its position in shares of Comcast by 902.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant’s stock valued at $2,469,000 after buying an additional 73,980 shares in the last quarter. Mork Capital Management LLC lifted its position in shares of Comcast by 66.7% during the 4th quarter. Mork Capital Management LLC now owns 40,230 shares of the cable giant’s stock valued at $1,510,000 after buying an additional 16,100 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Comcast by 13.5% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 180,112 shares of the cable giant’s stock valued at $6,760,000 after buying an additional 21,462 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant’s stock valued at $977,880,000 after buying an additional 497,829 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $33.67 on Wednesday. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The stock has a market capitalization of $124.32 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 2.04 and a beta of 0.93. The stock has a fifty day simple moving average of $33.94 and a two-hundred day simple moving average of $34.64. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. On average, analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is 21.82%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CMCSA shares. Morgan Stanley decreased their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Royal Bank Of Canada assumed coverage on Comcast in a report on Monday. They issued a “sector perform” rating and a $38.00 target price for the company. Barclays dropped their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $40.63.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.